ISA working for deployment of over 1000 GW of solar energy by 2030

The International Alliance () is working for the deployment of over 1,000 GW of , and aims to mobilise more than USD 1,000 billion into by 2030, the Finance Ministry said on Saturday.

In this regard, the , African Development Bank (AfDb), Asian Development Bank (), Asian Infrastructure Investment Bank (AIIB), Green Climate Fund (GCF), and New Development Bank (NDB) on Saturday signed a joint financial partnership declaration, here.

The International Agency (IEA) also signed a joint partnership declaration with the ISA.

The agreements were signed in the presence of Union Finance Minister Arun Jaitley and Minister of State (I/C) for Power and New and Renewable Energy, R.K. Singh.

With objective to deepen cooperation in support of renewable energy, R.K. Singh said that ISA has the potential to have a huge impact on future of planet.

“Today we are in a happy situation where renewable energy has become viable. Solar energy is the future,” he added.

The previous three partnerships were signed by ISA with the , the European Investment Bank and the European Bank for Reconstruction and Development.

Further, the International Renewable Energy Agency () will sign a joint partnership declaration.

Source: ANI


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